Proposed IRA Changes and Roth Tax Tips

Last month some new IRA changes were proposed. How could these possible changes impact your financial future and your family’s?

 

What we discuss: 

0:32 – Spring has sprung

2:27 – IRS rule changes

4:29 - Inheritance rules

6:47 – New proposed required distributions

7:49 – When the original owner dies

9:21 – Designated beneficiaries

11:37 – Impact on generational wealth

13:13 – Make a comment to the government

13:52 – Roth tax advantages

14:58 – Tax planning tips for 2021

17:35 – What’s the catch?

18:28 – Is there a MAGI?

 

Submit a formal comment: https://www.federalregister.gov/documents/2022/02/24/2022-02522/required-minimum-distributions

Referenced Article: https://www.journalofaccountancy.com/news/2022/feb/proposed-regulations-update-rmds-secure-act-changes.html

Get additional financial information: https://doncashpodcast.com/episodes/